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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: SidStock who wrote (7369)	12/1/1999 8:30:00 AM
From: John Madarasz	Respond to of 10081

Current options FWIW: Using open interest can be the most accurate indicator of options trading activity. Changes to open interest are the best option-based statistics to help individual investors and institutions draw contrarian conclusions. Option activity that is concentrated in out-of-the-money front-month options could be viewed as highly speculative. Since these are the least expensive options a speculator can trade, one would view this volume and open interest through contrarian eyes. Conversely, if there were large open interest changes in longer-term options that were in-the-money, one would not view this as contrarian, as these options are most favored by institutions. options.nasdaq-amex.com This would stand to reason as I wonder how many instituions would even be allowed to purchase $2.50 shares. Probably short hedging? I will also offer, however, that there is always definitly plenty to speculate over with GMGC, so the action is right where it should be... Very long here, but watching with interest and buying on lowww volume days and lowwwer prices. Regards, JM